Working Capital Use Inefficient for European Growth Corporates

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border: none; margin-top: 1rem; font-size: 1rem !important; border: 1px solid gray; } .wpcf7-response-output{ border: none !important; margin: 2em 0 1em !important; padding: 0 !important; } </style> <script>const postType = 'default'; </script> <div class="container my-5 article-post" id="singleContainer"> <div class="row " id="articlePost"> <div class="col-12 col-lg-8 ms-auto mb-4" id="insertArticle"> <h1 class="mb-4 text-center text-dark fw-bold display-6"> Working Capital Index Shows Strategic Deficit for European Middle Market Firms </h1> <div class="post-info-right left relative article-author-box mb-2"> <div class="post-info-name"> <div class="row"> <div class="col-6 my-auto"> <span class="post-info-text small muted text-uppercase">By</span> <span class="author-name vcard fn small muted text-uppercase fw-bold" itemprop="author"> <a href="https://www.pymnts.com/author/pymnts/" title="Posts by PYMNTS" rel="author">PYMNTS</a> </span> <span class="small muted d-none d-md-inline"> | </span> <span class="small muted text-uppercase d-block d-md-inline">February 20, 2024</span> </div> <div class="col-6 text-end my-auto">  <a href="https://www.facebook.com/sharer.php?u=https://www.pymnts.com/visa/2024/working-capital-index-shows-strategic-deficit-european-middle-market-firms/&t=Working+Capital+Index+Shows+Strategic+Deficit+for+European+Middle+Market+Firms" title="Share on Facebook"><i class="bi bi-facebook me-1 text-dark"></i></a><a href="https://twitter.com/share?text=Working+Capital+Index+Shows+Strategic+Deficit+for+European+Middle+Market+Firms -&url=https://www.pymnts.com/visa/2024/working-capital-index-shows-strategic-deficit-european-middle-market-firms/" title="Tweet This Post"><i class="bi bi-twitter-x mx-1 mx-1 text-dark"></i></a><a href="https://www.linkedin.com/shareArticle?mini=true&url=https://www.pymnts.com/visa/2024/working-capital-index-shows-strategic-deficit-european-middle-market-firms/&title=Working+Capital+Index+Shows+Strategic+Deficit+for+European+Middle+Market+Firms&summary=&source=" title="Share on LinkedIn"><i class="bi bi-linkedin mx-1 mx-1 text-dark"></i></a><a href="mailto:?subject=Working Capital Index Shows Strategic Deficit for European Middle Market Firms&BODY=I found this article interesting and want to share it with you. Check it out: https://www.pymnts.com/visa/2024/working-capital-index-shows-strategic-deficit-european-middle-market-firms/"><i class="bi bi-envelope-fill ms-1 me-0 ms-1 me-md-1 text-dark"></i></a> <span class="d-none d-md-inline"> | </span> <span class="d-block d-md-inline"> <button class="d-none d-lg-inline-block noHover audioPlay border-0 px-0 article-play-button fw-normal py-1 my-0" type="button" value="Play"> <i class="bi bi-play-circle-fill mx-1 text-dark"></i></button> <button class="d-lg-none noHover audioPlay border-0 px-0 article-play-button fw-normal py-1 my-0" type="button" value="Play"><span class="listenToArticle small text-uppercase"></span><i class="bi bi-play-circle-fill text-dark mx-1"></i></button> <button class="noHover audioPause border-0 px-0 article-pause-button py-1 my-0"><i class="bi bi-pause-circle-fill text-dark mx-0"></i></button> </span> </div></div> </div> </div> <div id="video-embed-1795858" class="video-embed left relative sec-feat mb-3"> <div style="position:relative;overflow:hidden;padding-bottom:56.25%"><iframe src="https://cdn.jwplayer.com/players/8wsUnZQ2-YrbGYzGZ.html" width="100%" height="100%" frameborder="0" allow="autoplay" scrolling="auto" title="Analyst Insights - 2023 Growth Corporates Working Capital Index Europe Edition" style="position:absolute;" allowfullscreen></iframe></div> </div> <div class="mb-3"></div> <div class="post-feat-text"> </div>  <div id="pymnts-content1795858" class="single lh-article mt-1 lnk-article"> <p><a href="https://www.pymnts.com/study/growth-corporates-working-capital-index-europe-global-commerce/" target="_blank" rel="noopener"><img fetchpriority="high" decoding="async" class="aligncenter wp-image-1795862 size-full" src="https://www.pymnts.com/wp-content/uploads/2024/02/Download-Visa-Growth-Corporates-Working-Capital-Index-Europe-Edition-February-2024.png" alt="European Growth Corporates have the second-highest rates of working capital usage, but use it inefficiently and could vastly improve." width="3333" height="1458" /></a></p> <p>Access to working capital enables all types of companies to avoid operational disturbances in the short term and to power growth for the long term. In Europe, 79% of Growth Corporates accessed working capital solutions in the last year. This was the second-highest usage rate across all five regions in the study.</p> <p><a href="https://www.pymnts.com/study/growth-corporates-working-capital-index-europe-global-commerce/" target="_blank" rel="noopener"><img decoding="async" class="alignright wp-image-1795859" style="padding: 15px 0px 15px 15px;" src="https://www.pymnts.com/wp-content/uploads/2024/02/Visa-Growth-Corporates-Working-Capital-Index-Europe-Edition-February-2024-Stat-1.jpg" alt="73%: Share of top-performing European Growth Corporates using financing for planned growth" width="200" height="200" /></a>These European Growth Corporates reported that external financing is important for securing favorable cost of capital when prioritizing new business initiatives. Eighty-seven percent of local Growth Corporates pointed this out, and 86% said external working capital allows them to achieve favorable capital costs when choosing new partnerships.</p> <p>Other key advantages of European Growth Corporates’ use of external financing include building better relationships with customers and partners. Seventy-five percent of European Growth Corporates stated that having access to working capital solutions helped them better meet customer demand.</p> <p>These are some of the key findings detailed in “<a href="https://www.pymnts.com/study/growth-corporates-working-capital-index-europe-global-commerce/" target="_blank" rel="noopener"><strong>2023-2024 Growth Corporates Working Capital Index: Europe Edition</strong></a>,” a <strong>PYMNTS Intelligence </strong>and <strong><a href="https://visa.com/" target="_blank" rel="noopener">VISA</a> </strong>collaboration. The report drew on insights from a survey of 195 Growth Corporates in Europe conducted between March 9, 2023, and June 12, 2023. We sought to understand the working capital solutions available to Growth Corporates, their preferred use of this capital, their 2024 plans and the impact of these solutions on operations and business performance.</p> <p><a href="https://www.pymnts.com/study/growth-corporates-working-capital-index-europe-global-commerce/" target="_blank" rel="noopener"><img decoding="async" class="alignleft wp-image-1795860" style="padding: 15px 15px 15px 0px;" src="https://www.pymnts.com/wp-content/uploads/2024/02/Visa-Growth-Corporates-Working-Capital-Index-Europe-Edition-February-2024-Stat-2.jpg" alt="45%: Share of top-performing European Growth Corporates planning to use virtual cards in 2024" width="200" height="200" /></a>Other key findings from the report include the following.</p> <h3>Working capital loans play a particularly prominent role in Europe.</h3> <p>This is especially true for the fleet and mobility sector. Forty-percent of these Growth Corporates use working capital loans as their primary solution. The fleet and mobility industry’s high use of these loans and virtual cards likely mirrors their strategic investments in business expansion and company assets.</p> <h3>European a<b>griculture Growth Corporates have a strategic focus.</b></h3> <p><a href="https://www.pymnts.com/study/growth-corporates-working-capital-index-europe-global-commerce/" target="_blank" rel="noopener"><img loading="lazy" decoding="async" class="alignright wp-image-1795861" src="https://www.pymnts.com/wp-content/uploads/2024/02/Visa-Growth-Corporates-Working-Capital-Index-Europe-Edition-February-2024-Stat-3.jpg" alt="17%: Share of agriculture Growth Corporates in Europe using external financing tactically" width="200" height="200" /></a>Using external working capital solutions for either strategic or tactical purposes can mean the difference between having operational efficiency and not. While 37% of commercial travel Growth Corporates in Europe, for example, used external solutions for tactical purposes, just 17% of agriculture Growth Corporates did so. European agriculture Growth Corporates were the most likely to tap these solutions for expected cash flow shortfalls.</p> <h3>Most top-performing Growth Corporates used financing strategically.</h3> <p>Although there are a small percentage of top-performing Growth Corporates in Europe, they operate similarly to top performers in other regions. These Growth Corporates focus on strategic, rather than tactical, use. For example, 100% of top performers in the commercial travel sector in our study tapped working capital for strategic growth.</p> <p>Growth Corporates in Europe face various economic, financial and regulatory headwinds as they navigate a unique regional context where many countries share unified policies and currency. Although European Growth Corporates have the second-highest rates of working capital use, it is inefficient because they have a greater short-term focus. Nonetheless, there is great potential in the region.</p> <p>Download the report to learn more about how European Growth Corporates are accessing <a href="https://www.pymnts.com/study/growth-corporates-working-capital-index-europe-global-commerce/" target="_blank" rel="noopener"><strong>working capital solutions</strong></a>.</p> <div id="bottom-ad"> </div> <div class="row row-cols-1 row-cols-lg-1 recommended-articles" style="clear:both;"> <div class="col mb-1"> <h4 class="header-border text-uppercase small mb-0"> <span class="border-layer border-secondary"> Recommended </span> </h4> <div class="row item noBorderLast remove-col-3"> <div class="col-12 col-md-3 border-bottom border-light py-2 fw-bolder recommended-1"> <a href="https://www.pymnts.com/cryptocurrency/2025/got-digital-assets-the-weird-the-wild-and-the-whatever-coins/" class="small recommended-link" rel="bookmark" title="Got Digital Assets? The Weird, the Wild and the Whatever Coins">Got Digital Assets? 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sidebarWrap.style.bottom = '0px'; sidebarWrap.style.width = `${(singleContainer.width * .25) - 24}px`; sidebarFreezeTrigger = window.scrollY; } } } } function handleVideoResizing() { console.log('videoResize'); if (subscribeIsShown) setVideoSubscribeLocation(); } document.addEventListener('fullscreenchange', handleVideoResizing, false); document.addEventListener('mozfullscreenchange', handleVideoResizing, false); document.addEventListener('MSFullscreenChange', handleVideoResizing, false); document.addEventListener('webkitfullscreenchange', handleVideoResizing, false); function pageIsResized() { if (subscribeIsShown) setVideoSubscribeLocation(); let sidebarContainer = I('sidebar-container'); if(!sidebarContainer) return; let size = 'xxl'; if(window.innerWidth < 576) size = 'xs'; else if(window.innerWidth < 768) size = 'md'; else if(window.innerWidth < 992) size = 'lg'; else if(window.innerWidth < 1200) size = 'xl'; else size = 'xxl'; console.log(size); switch(size) { case 'xs': case 'md': sidebarContainer.classList.remove('d-lg-block'); 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